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Listing 2 out of 162
Sold for $9,775,000 Sold

370 Palos Verdes
Redondo Beach, CA 90277

16 units | Multi Family Home
17258 sq ft - MLS# 18374142
Property Photo

Sold

Sold for $9,775,000 on Oct 10, 2018

Description

- Ocean Facing 16-Unit Apartment Located in Redondo Beach's Hottest Market: The Hollywood Riviera -Situated 2-Blocks from the Pacific Ocean, Tucked Away Under the Prestigious Palos Verdes Peninsula -50% of the Units Boast Scenic Ocean Views: 4-Units with 180-Degree Ocean Views from Palos Verdes to Malibu and 4-Units with Direct Ocean Views -Sixteen-Units: Two Three-Bedroom Units, Twelve Two-Bedroom Units, and Two One-Bedroom Units -No Rent Control -41 Parking Spaces -Private Back Patios for Rear Units -Large Units with Outstanding Floor Plans -Generational Asset with Tremendous Appreciation Potential

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $9,750,000
  • Zip Code: 90277
  • Year Built: 1960
  • Units: 16 units
  • # of Parking Spaces: 41.00
  • Lot Size: 17258 sq ft
  • Zoning: TORR-MD
  • Area: 128 - Hollywood Riviera
  • Building Area Total: 17610.00
  • Carport Spaces: 41.00
  • Co-Listing Agent License: 01938297
  • Co-Listing Office License: 01929798
  • Cooling: See Remarks
  • Cooling YN: Yes
  • Directions: West of PCH, North of Calle Miramar
  • Electric Expense: 1178.00
  • Fuel Expense: 6233.00
  • Gross Multiplier: 22.45
  • Gross Operating Income: 429574.00
  • Improvements Amount: 2883112
  • Insurance Expense: 7925.00
  • Land Value: 1349267
  • Laundry Features: See Remarks
  • Laundry YN: Yes
  • Listing Agent License: 01856803
  • Listing Office License: 01929798
  • Lot Size Source: Estimated
  • Lot Size Units: Square Feet
  • MLS: CL
  • Maintenance Expense: 4800.00
  • Net Operating Income: 252063.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 41
  • Number Of Separate Gas Meters: 41
  • Other Expense: 3200.00
  • Other Income1: 8640.00
  • Parking Features: Carport
  • Parking YN: Yes
  • Selling Agent: Gary Grabel
  • Selling Agent License: 00580421
  • Selling Office: Grabel Financial
  • Stories Total: 3
  • Total Actual Rent: 434220.00
  • Total Expenses: 177511.00
  • Trash Expense: 2024.00
  • Water Sewer Expense: 9469.00
  • Sold Date: 2018-10-10 00:00:00
  • Sold Price: 9775000.00
Courtesy of Cbc Advisors, Jonathan Nikfarjam

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Krystyna Ryan
Broker Associate
The Real Estate Group
Phone: 310.918.5027
Email: krystynarealestate@gmal.com
BRE # 01485187

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Krystyna Ryan | Broker Associate | The Real Estate Group
Phone: 310.918.5027 | Email: krystynarealestate@gmal.com
BRE # 01485187